TER 2.44% 20.0¢ terracom limited

In H2, they lost $6.4m because BA only made $0.3m. But that...

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  1. 853 Posts.
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    In H2, they lost $6.4m because BA only made $0.3m. But that wasn't enough to overcome the SA loss of $6.6m and corporate expenses of $1.1m. They did get a tax benefit of $0.9m.

    In terms of the BA unit results, I saw they received A$152/t, and costs and expenses A$139/t and D&A was A$12/t. This means there was practically nothing left at the bottom line. What hurt them was sales - they just didn't sell enough because they didn't produce enough. Holders really need to hope production is back up and fast.

    Aside - the SA results also illustrate why they couldn't find a buyer at a good price. SA made $3m for the year and a loss in H2.
    Last edited by jace.h: 03/09/24
 
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